Building a new home is a goal for many individuals, and in situations where it’s difficult to find an appropriate home on the market, building a new construction might be the best option. Many individuals hoping to build their own homes aren’t aware of all the new construction financing available to explore. Let’s take a […]
Aspiring homeowners often seek government-supported loans for the purchase of a residential property. Government-backed mortgages (FHA loans) are often a viable option for first-time homebuyers since they require lower down payments and credit scores than many conventional loans. However, securing a traditional FHA loan is often easier said than done. For example, some neighborhoods are […]
When you are in the market for a new construction home, there are several different ways that you can finance the purchase. You can get a mortgage from a bank, you can get a government loan, or you can use a hard money loan to finance the construction. Hard money loans are financed by private […]
Thinking about putting your construction plans on hold till your next big loan comes through? It might not be the best idea in this cutthroat world. Putting business plans on the backburner can lose you the vital edge you need. Especially when you have an important project deadline, you should opt for a construction loan via private loan […]
Borrowers who find themselves “between” properties (trying to sell one and buy another at the same time) may have heard about bridge loans. Though the term may be familiar, many homeowners are not familiar with what bridge terms actually are, what they cover, or how to qualify for one. Let’s examine bridge loans and how […]
If you’ve been shopping around for a new home for an extended period, you’re probably aware of the limited options available on the market. You want a new home, but you don’t want to finance something that doesn’t match what you want. Likely, you’ve thought about the possibilities of having your own home built from […]